Borealis completes acquisition of plastics recycler Ecoplast

Author: Tom Brown

2018/08/29

LONDON (ICIS)--Borealis has completed the
acquisition of Austria-based plastics recycler
Ecoplast on expectations of substantial growth
in the recycled polymers market in the next few
years, the producer said on Wednesday.

The deal, announced in July, was carried out as
part of Borealis’ long-term polyolefins growth
strategy and an increasing focus on the
recycling sector. Pricing terms were not
diclsosed.

Ecoplast processes around 35,000 tonnes/year of
post-consumer waste from households and
industrial consumers and converts them into
low- and high-density polyethylene (LDPE and
HDPE) films.

The Ecoplast buy follows Borealis’ acquisition
of post-consumer polyolefin recyclates
producers mtm plastics and mtm
compact in
mid-2016. The company invested €15m in
ramping up processing capacity from 60,000 to
80,000 tonnes/year earlier this year.

“As an important complement to mtm in Germany,
Ecoplast will help us address critical
sustainability challenges and become a
polyolefin recycling leader,” said Borealis CEO
Alfred Stern.

“Eventually, we want to use our experience to
develop an effective blueprint for the
end-of-use phases for plastics that can be
applied in other parts of the world,” he added.

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